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Exploring the Indian Budget 2024 Key Changes and Their Impact on the Economy

The Indian Budget 2024 brings significant changes impacting various sectors of the economy. From tax reforms to infrastructure investments, these updates aim to drive growth, boost financial inclusion, and stabilize the market. Learn how these changes will shape India's economic future.<br><br>Visit Website: https://goldenpi.com/blog/bond-news/capital-market/union-budget-2024/

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Exploring the Indian Budget 2024 Key Changes and Their Impact on the Economy

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  1. Exploring the Indian Budget 2024: Key Changes and Their Impact on the Economy

  2. INTRODUCTION • The Indian Budget 2024 is a strategic blueprint focused on driving economic growth, boosting employment, empowering the middle class, and supporting MSMEs. It highlights nine key priorities, including infrastructure, social justice, and energy security, to pave the way for ‘Viksit Bharat.’

  3. Fiscal Snapshot The budget targets a fiscal deficit reduction to 4.9% of GDP by FY25, with ₹11.11 lakh crore allocated to capital expenditure (3.4% of GDP) for infrastructure development, aimed at job creation and economic growth.

  4. Key Dates and Implementation Starting April 1, 2024, the budget's phased implementation includes deployment with quarterly reviews to ensure timely progress. strategic capital

  5. Major Changes in Taxation • Key changes include revised income tax slabs, increased standard deductions, and simplified GST designed to enhance taxpayer relief and system efficiency. compliance, all

  6. CONCLUSION The Indian Budget 2024 is set to transform the economy, with significant investments in infrastructure and strategic sectors, promising a new era of growth and opportunity for all citizens.

  7. Thank you! To know more, visit: https://goldenpi.com/blog/bond-news/capital-market/union-budget-2024/

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